I sold my position in Apple, and let me say it was not the best choice in the world, I took a nice 25% loss on it and it stings. But the alternative is to keep the money there and worry about it going down during earnings next week. I don't doubt that earnings will be pretty good, I think Apple will guide conservatively as it has done in the past. Given its exposure to the consumers, this makes sense. I'm going to gamble that Apple will have some more to drop during in the next two weeks, and that I can enter at a lower level. No doubt in the long term, Apple is a good bet, so I hope this gamble pays off.
One other gamble late today was buying into Intuitive Surgical, I bought a small position, but I'm going to gamble that they have good earnings and that guidance will also be decent. I'm banking on the fact that robotic surgery will be cheaper in terms of cost compared to normal surgery when examined in the totality of the cost. That and Intuitive's monopoly on the space should keep earnings up as well as forecast. I may reinforce the position a little tomorrow morning. I don't know how much upside, but I think it would be reasonable to revisit the $350s if Intuitive manage to beat earnings and give good guidance.
One other gamble late today was buying into Intuitive Surgical, I bought a small position, but I'm going to gamble that they have good earnings and that guidance will also be decent. I'm banking on the fact that robotic surgery will be cheaper in terms of cost compared to normal surgery when examined in the totality of the cost. That and Intuitive's monopoly on the space should keep earnings up as well as forecast. I may reinforce the position a little tomorrow morning. I don't know how much upside, but I think it would be reasonable to revisit the $350s if Intuitive manage to beat earnings and give good guidance.
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